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LEASED but in the GARAGE

Old Jan 12, 2008 | 02:05 PM
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Question LEASED but in the GARAGE

hello,

I have a question. With winter here. I bought a used car to drive for the winter.
With my g35 coupe being leased. will there be any problems with insurance as it now only has FIRE and THEFT insurance?

Thanks
 
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Old Jan 12, 2008 | 03:51 PM
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Yes, you MUST have full coverage insurance on a lease.

You do not own the car, the bank does.
 
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Old Jan 12, 2008 | 04:01 PM
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^+1. The bank won't like it when they find out....
 
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Old Jan 12, 2008 | 04:03 PM
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just call them up and tell them that it's in the storage for certain period and they shall decrease your premium.

When I was buying a policy I told them that I use this car on weekend only for pleasure (cuz I was putting two cars on the policy and the other went as the one that's being use every day) So my premium went way down cuz of it.

I only pay $90+ a month for a G and I was 23 when I got the policy.
 
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